I am a graduate from SPA (School of Planning and Architecture), New Delhi. When I applied for the architecture program at SPA, there were only 2,000 applicants, today there are close to 2,00,000. Upon graduating in '85, I chose to work for the private sector. I did not opt for a public sector job because people tend to get lazy in a government job. I worked at a big office for at least 5-7 years. I believe frequently changing jobs is of no use. This is how I spent 40 years of my life in the private sector. I am retired today.

At the time I graduated, it wasn’t difficult to get a job in either sectors - private or public. But it sure was difficult to get a loan. The banks had no policy to give loans for personal use, only for commercial purposes. Banks did not give out loans for cars because they thought one would be unable to pay back the loan in installments as people would channel the money to fuel their car. Loan was available for commercial vehicles but not for private [personal]. If ever there was financial instability, a man had only two options- first, to borrow from friends and family; Second, to survive through it without borrowing. However, when private sector entered the banking system, getting loans became relatively simpler.